We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments … and decreases wholesale prices when downstream competition is not too strong. Examining whether the merger's potential …

merger by either reducing or increasing both price and quality. Welfare implications are not clear-cut and mergers might …

We show that the presence of a strategic tax policy increases the incentive for a horizontal merger compared to the … a horizontal merger that has been ignored in the existing literature. In contrast to the usual belief, we also show that … a horizontal merger may benefit the consumers and the society …

We modify the UPP test of Farrell and Shapiro (2010) to take into account the possibility that a merger weakens (or … eliminates) a vertical supply relationship. After deriving a general effect of the merger, we provide an example of simple …

The U.S. and EU Merger Guidelines strongly emphasize the relevance of the “ease of entry” argument in merger … reduced-form regression results show that mergers dominated by efficiency effects have a negative impact on the number of … firms in the product market. Mergers dominated by market power effects result in a higher number of firms than efficiency …

claim by studying the effect of a national merger between two large Dutch supermarket chains on prices and on the depth as … merger's effects, controlling for selection on observables when defining our control group through a matching procedure. We … show that the local change in competitive conditions due to the merger did not affect individual products' prices but it …

product space are lower and a merger with an incumbent (horizontal FDI) offers pricing power that allows the entrant to … product space and can provide an additional incentive for a merger. A basic product space model with a linear Hotelling setup …-border merger and acquisitions data support the model's prediction that horizontal FDI grows relatively faster than exports in …